Item 2.02 Results of Operations and Financial Condition.
The information set forth below under "Item 7.01 Regulation FD Disclosure" is
incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
The TIAA Real Estate Account (the "Account" or the "Registrant") prepares
materials (the "Analysis") for its investors so that such investors may compare
the adjusted performance results of the Account to that of two broad-based,
widely-used real estate indices, the NCREIF Fund Index - Open End Diversified
Core Equity and the NCREIF Property Index ("NPI"). In particular, in order to
facilitate comparability between the Account's performance and NPI, the Account
has engaged the National Council of Real Estate Investment Fiduciaries
("NCREIF"), an independent party, to recalculate the performance of the
Account's directly held real estate in accordance with the methodology NCREIF
uses to measure performance for open end real estate funds. These adjusted
performance figures are designed for the use of Account investors for comparison
purposes only, and do not reflect the true returns experienced by holders of
interests in the Account. In the future, the Account periodically intends to
prepare similar comparison materials for its investors to reflect the most
recent fiscal period for which data is available.
The most recently prepared Analysis, relating to the performance of the Account
through March 31, 2014
, is furnished as Exhibit 99.1 to this report. The
information contained in this Item 7.01, including Exhibit 99.1 furnished
herewith, shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that Section, and shall not be incorporated by
reference into any registration statement or other document filed pursuant to
the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise
stated in such filing.
Item 9.01 Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
Exhibit No. Description
99.1 -- Quarterly Performance Analysis for the period ending March 31, 2014.